MINUTE BOOK No. 17, CITY OF OXFORD

~------------------~--~~--------~~----~----------------~~----~--~~~~----=--------------------~.MINUTE BOOK No. 17, CITY OF OXFORD359 ~SI'234K-TOM L. KETCHINGS co., NATCHEZ\A RESOLUTION CALLING AND PROVIDING FOR THE HOLDING OF ANELECTION VJ:THIN THE CITY OF OXFORD, MISSISSIPPI, AT NHICHTHERE SHALL BE SUBMITTED TO THE QUALIFIED ELECTORS OF SAIDCITY A CERTAIN PROPOSAL FOR THE ISSUANCE OF ELEGrRICDISTRIBUTION SYSTEM REVENUE BONDS OF SAID CITY IN THEAMOUNT OF $200,000.00, MAKING PROVISION FOR THE GIVINGOF NOTICE OF SAID ELECTION AND PRESCRIBING THE FORM OFBALLOT TO BE USED* * * ~~ * *The Mayor and Board of Aldermen of the City of Oxford, Mississippi,having found and determined that it is necessary, advisable, and in the bestinterest of said City and its inhabitants that the Electric DistributionSystem of the City of Oxford, Mississippi, be improved, enlarged, and extended;andThe M~or and Board of Aldermen have caused an estimate of the costof the aforementioned work to be prepared by a competent engineer; andThe Mayor and Board of Pldermen have found, from the estimatesprepared, that the improving, enlarging, and extension, including costnecessarily incidental thereto, will be Two Hundred Thousand and No/100($200,000.00) Dollars, and that said sum is not available in the Treasuryof said City; and the City of Oxford, Mississippi, is authorized, under theprovisions of Chapter 494, Laws of Mississippi, 1950, and all Amendmentsthereto, to issue its Electric Distribution System Revenue Bonds for the purposeof improving, enlarging, and extending the Electric Distribution System of saidCity, which said bonds shall be payable solely from the revenue to be derivedfrom the operation of the said Electric Distribution System of said City; andUnder the laws of the State of Mississippi, the Electric DistributionSystem Revenue Bonds may be issued if the issuance thereof be assented to by amajority of the qualified electors of said City who vote thereon at an electionheld for said purpose;f,!OH, THEREFOR.E, BE IT RESOLVED BY THE MAYOR AND BOARD OF ALDERMENOF THE CITY OF OXFORD, MISSISSIPPI, AS FOLLOTtJS:SECTION 1. That the Mayor and Board of Aldermen of the City ofOxford, Mississippi, do hereby declare their intention to issue ElectricDistribution System Revenue Bonds of the said City in the amount and for thepurpose set forth in Section 2 of this Resolution.SECTION 2. That a special election shall be, and the same ishereby, called and ordered to be held in the City of Oxford, Mississippi,on Tuesday, the 15th d~ of April, 1958, for the purpose of submitting tothe qualified electors the following proposition.